Kaufman Foundation reports that new and young companies are the engines of job creation and recovery
Kaufman Foundation reports that new and young companies are the engines of job creation and recovery. Further, the report clearly shows that a significant number of these young companies grow to become large employers with 500-10,000+ employees.
“..from 1980-2005, nearly all net job creation in the United States occurred in firms less than five years old…[In addition] without startups, net job creation for the American economy would be negative in all but a handful of years…it is clear that new and young companies and the entrepreneurs that create them are the engines of job creation and eventual economic recovery.” Stangler and Litan, “Where Will the Jobs Come From?” Ewing Marion Kauffman Foundation 2009
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